ACCT 212 Week 2 Quiz

After transactions are recorded in the journal, they are … to the: Question: A list of all account names used to record transactions of a company is … to as a: Question: Which step in the process of measuring external transactions involves assessing the equality of total debits and total credits? Question: A company purchases supplies on account for $1,600. Indicate the amount of increases and decreases in the accounting Question: A company issues common stock for $28,000 cash. Record the transaction. (If no entry is … for a transaction/event, select “No Journal Entry Required” in the first account) Question: Consider the following T-account for Accounts payable….. Compute the balance of the Accounts payable account. Question: The full set of procedures … to accomplish the measurement/communication process of financial accounting is … to as the: